Principal Global Investors, the Des Moines, Iowa-based asset manager with $227.4bn (€170bn) in mostly pension fund assets under management, has become the latest “mainstream” firm to sign up to the United Nations Principles for Responsible Investment.
The firm – which runs assets for 10 of the 25 largest pension funds in the world – says the appropriate consideration of environmental, social and governance (ESG) issues is part of delivering superior risk adjusted returns.
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